I'm 27, my wife and I have owned our house a little over two years.

Purchased at 118k - Worth ~ 150k currently.

House is located in FL a couple blocks off the beach and in a prime location, we were lucky to snag it as a slight fixer upper. The house was around 200k prior the big crash and this area is exploding in growth.

We are considering taking out a HELOC (when possible) and fully paying off the mortgage and keeping the lower HELOC payment, while aggressively paying it off. I've also considered wiping my student loans but the interest on them is basically the same.

We have been doing renovations as well and are adding a screened in florida room this year which should boost our value to ~170k (same house, similar upgrades down the street sold for this recently)

I guess my point is some of us do know a little about PF and are responsible with our cash. Will we pursue these options? Who knows and we would research a lot further and do the math on everything prior to jumping the gun.

We would also never use HELOC for recreational stuff... That is being stupid. This whole experiences over equity fallacy in our generation is sad, we know a lot of our friends will never come close to the lifestyle we have due to this mentality, but at the same time it sucks seeing them travel now and have these awesome experiences. We just tell ourselves that in 15 - 20 years we will be the ones traveling everywhere that our friends are envious of.